On December 21, 2019, Mr C) D)

question 29

Multiple Choice

On December 21, 2019, Mr. Bagger received and deposited $790 from a customer, Mrs. McCartney, who paid in advance of the work. He recorded the receipt by crediting a revenue account, Computer Service Fees Earned. As of December 31, none of the work had been completed. What, if any, is the required adjusting journal entry on December 31?

• A)No entry is required
• B) \[\begin{array} { | c | r | r | }
• \hline \text { Dr. Unearned Computer Service Fees } & 790 & \\
• \hline \text { Cr. Computer Service Fees Earned } & & 790 \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | c | c | c | }
• \hline \text { Dr. Computer Service Fees Earned } & 790 & \\
• \hline \text { Cr. Accounts Receivable } & & 790 \\
• \hline
• \end{array}\]
• D) \[\begin{array} { | c | r | r | }
• \hline \text { Dr. Computer Service Fees Earned } & 790 & \\
• \hline \text { Cr. Unearned Computer Service } & & \\
• \text { Fees } & & 790 \\
• \hline
• \end{array}\]

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Definitions:

Synthetic Chemical Reactions

Chemically engineered processes to form new substances from one or more reactants, involving the breaking and forming of bonds.

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Biological molecules that act as catalysts to speed up chemical reactions in living organisms.

Green Chemistry

The design of chemical processes and products that reduce or eliminate the use and generation of hazardous substances, promoting sustainability.

Enzymes

Enzymes are biological catalysts that speed up chemical reactions in living organisms by lowering the activation energy, thereby playing essential roles in metabolic processes.